WASHINGTON, Oct. 17 (UPI) -- U.S. mortgage activity fell slightly last week as long term interest rates were mixed, the Mortgage Bankers Association said Wednesday.
In the week that ended Friday, U.S. mortgage activity fell 4.2 percent and refinancing fell 5 percent, the MBA said. Interest rates for 30-year, fixed-rate conforming mortgages rose from 3.56 percent to 3.57 percent with points rising from 0.4 to 0.42.